Updates from Barratt and SuperGroup
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We start with an update from retail and retail property operator Hammerson for the period 1 January to 8 May. Occupancy across the portfolio remains positive at 96.6% with group rents secured at 31% above previous passing rent it claims.
The occupancy figure though is slightly down on the figure of 97.7% at 31 December 2012. Hammerson says it has secured Citadium's first store outside Paris for Les Terrasses du Port, Marseille, now 86% pre-let.
"Since the start of 2013," says chief exec David Atkins, "we have continued to review opportunities selectively and have deployed capital to winning locations, increasing our stake in Bullring and making excellent letting and construction progress at Les Terrasses du Port."
Next, an interim for the 18 weeks from 1 January 2013 to 5 May 2013 from Barratt. The house builder is claiming a +9.7% increase in net private reservations to 0.68 (2012: 0.62) per week per site. Private forward sales (excluding joint ventures) are up 28.5% to £1,013.5m (6 May 2012: £788.6m)
Barratt is also claiming an +18.0% uplift in net private reservations per week per site to 0.72 (2012: 0.61) following the announcement of the Government's Help to Buy scheme.
"Our improved performance is underpinned by stronger market conditions," says chief exec Mark Clare. "Help to Buy has seen a strong start and we are investing in land and bringing it through planning to meet increasing consumer demand."
Lastly, an update from fashion player SuperGroup. It claims a solid trading performance in the final quarter of the year. Total sales for the quarter increased +15.3% to £86.8m and in the 52 weeks to 28 April 2013 by +14.7% to £360.1m.
Total retail sales in the 13-week period were £43.8m, an increase of +10.9%; both internet and the Group's standalone stores performed well it claims. Like-for-like sales for the quarter were up +5.0% and in the year to date +6.9%. Total sales growth for the full year is +18.3%.
"We have delivered solid sales and profit growth this year at the same time as enhancing financial and operational processes," says boss Julian Dunkerton. "In addition we have made significant progress with...improvements in womenswear styling."